LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

LAKELAND REGIONAL MEDICAL CENTER FOUNDATION INC

EIN 23-7134974 · Health Care (E112)

What they do

The Lakeland Regional Health Foundation Was Created to Ensure That Additional Resources Are Always Available for The Services That Make Lakeland Regional Health (LRH) The Healthcare Provider of Choice for Lakeland, Polk County and The Surrounding Communities. The Foundation Provides for The Important Extras That Make LRH Special and Frequently for The Advances That Keep LRH On The Leading Edge of Care and Technology.The Foundations Philosophy is One of Involved, Empowered Philanthropy As We Encourage Donors: -To Be Hands On -To Learn About and Continue to Follow The Impact of Their Gifts -To Help Drive Future Philanthropy Programs -To Be Partners With The Foundation In Building Awareness and In Helping to Improve Community Health

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $69.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.01%of revenue went to mission work69.0% of expenses · Program services

18.55%of revenue went to fundraising17.5% of expenses

$15.56spent for every $100 of revenueRevenue covered expenses this year.

14.19%of revenue went to management and office costs13.4% of expenses

$17.68in assets for every $1 spent this yearSome assets cannot be spent right away.

11.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $222,548 for DANIELLE DRUMMOND (PRESIDENT/CEO OF LRHS). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,741,180

Mission workProgram services$2,001,33673.01% of revenue69.0% of expenses

ManagementOffice and general costs$388,99114.19% of revenue13.4% of expenses

FundraisingAsking for donations$508,35718.55% of revenue17.5% of expenses

Total expenses$2,898,684105.75% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 69.0% mission · 13.4% management · 17.5% fundraisingTotal expenses: 105.75% of revenue

2022Expense mix: 84.3% mission · 6.8% management · 8.9% fundraisingTotal expenses: 133.34% of revenue

2021Expense mix: 89.4% mission · 4.8% management · 5.8% fundraisingTotal expenses: 68.09% of revenue

2020Expense mix: 94.8% mission · 2.8% management · 2.4% fundraisingTotal expenses: 120.58% of revenue

2019Expense mix: 89.4% mission · 6.0% management · 4.6% fundraisingTotal expenses: 277.72% of revenue

2018Expense mix: 88.5% mission · 4.8% management · 6.7% fundraisingTotal expenses: 109.95% of revenue

2017Expense mix: 85.3% mission · 7.0% management · 7.7% fundraisingTotal expenses: 53.10% of revenue

2016Expense mix: 75.0% mission · 5.0% management · 20.0% fundraisingTotal expenses: 131.97% of revenue

Money in and money out

Revenue$18,625,480

Expenses$2,898,684

Annual surplus $15,726,796 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,001,336 · 69.0% of expenses

Management and office costs$388,991 · 13.4% of expenses

Fundraising$508,357 · 17.5% of expenses

See all reported dollar amounts

Revenue$18,625,480

Expenses$2,898,684

Assets$51,261,349

Income$18,873,214

Contributions$2,205,038

Mission work (program services)$2,001,336

Fundraising$508,357

Grants given$38,750,189

Average grant$5,535,741

Management and general$388,991

Stocks and bonds$21,483,952

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANIELLE DRUMMONDPRESIDENT/CEO OF LRHS · 1 hrs/week $222,548Base · Other $222,548

LANCE GREENSECRETARY/TREASURER · 1 hrs/week $148,152Base · Other $148,152

TIMOTHY BOYNTONSVP - DEVELOPMENT/CHIEF PUBLIC RELATIONS AND COMMU · 1 hrs/week $99,934Base · Other $99,934

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

DANIELLE DRUMMONDPRESIDENT/CEO OF LRHS

LANCE GREENSECRETARY/TREASURER

TIMOTHY BOYNTONSVP - DEVELOPMENT/CHIEF PUBLIC RELATIONS AND COMMU

JAIMI MILLERVICE CHAIR

ROBERT SORENSON JRCHAIR

NOLEN BAILEYDIRECTOR

MICHAEL DELBOVO SRDIRECTOR

KIM MCKEELDIRECTOR

KATHLEEN MUNSONDIRECTOR

JUSTIN HOLLISDIRECTOR

ASHLEY BARNETTDIRECTOR

HAMILTON HOOKSDIRECTOR

GREGORY FANCELLIDIRECTOR

E BLAKE PAULDIRECTOR

DR DONNA BHISITKULDIRECTOR

DENNIS ODISHODIRECTOR

BRAD CRENSHAWPAST CHAIR

ASHLEY TROUTMANDIRECTOR

About this charity

Recognized since: January 1971
Location: 1324 LAKELAND HILLS BLVD, LAKELAND, FL 33805-4543
County: Polk
In care of: Lance Green CPA
Primary officer: Lance Green CPA, EVP/Chief Financial Officer

How to reach them

WebsiteVisit the charity’s website Phone(863) 687-1100

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: PYA PC
NTEE classification: Health Care (E112)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes